Up to 85% CLTV
Min FICO 640
Max loan $400,000
No prepayment penalty
Fixed rate and fixed payment
No Underwriter, No Escrow, No Title, No Appraisal, AVM Only
Only use the Experian FICO
Terms: 5, 10, 15 & 30 years
1-Unit properties only (SFR, PUD, Condo)
Owner Occupied, Non-Owner Occupied, and Second Home
Max DTI 50%
Fast On-line approval
Piggyback refinance or stand-alone second available
Loan amounts: $75,000–$500,000
Structure: variable-rate revolving line; draw as needed
Terms: 15, 20, or 30 years (interest-only draw may be available; not in TX)
Appraisal: AVM/drive-by allowed up to $250,000 (second liens)
Occupancy: primary residence, second home, and eligible investment properties
CLTV: up to 90% on owner-occupied with strong credit
Min FICO: 660
Up to 10 financed properties allowed
One-time lump sum with a fixed rate and fixed term (predictable monthly payment)
Loan amounts: up to $750,000
LTV: up to 90% (Full Doc; eligibility varies)
Minimum FICO: 660
Occupancy: Primary residence, Second home, Investment properties
Documentation options accepted: Bank Statement, DSCR, 1099, VOE (WVOE), 1-Year Self-Employed, Asset Utilization, Full Doc
Terms: 10, 15, 20, or 30 years (fully amortizing)

Prime Choice Funding, what can I say other than thank you! You made not only the impossible happen, but you were always available to answer my questions and keep my hope alive.
We bought our house a year ago. It was a Veteran Home Loan; we came upon difficult times, and one of our family members needed help. We drained our savings and were late on our very high mortgage payment for the following two months, which would shy away most lenders with a ten-foot pole. Andrew Carrillo of Prime Choice was still able to get our interest reduced and our mortgage payment reduced by quite a few hundred dollars. I cannot thank him enough for his help and hard work to get our loan passed through and approved. I am forever grateful to him.
If you have the opportunity, veterans, to do an interest reduction on your loan, take it. Try and request Andrew Carrillo to assist you, and hopefully you get Veronica Hall to be the loan processor. These two were better than fantastic—they were constantly in communication with us and with each other. Honestly, they worked very hard to make this happen for us.
I am forever grateful for them. We are looking forward to the future of our home and the lower monthly payment that we will be paying. Veterans, if you want to save some money and would like to look into lowering your monthly mortgage payment, give Prime Choice Funding a call and ask for Andrew Carrillo. He will work very hard to help you out.
Douglas H
Our team of licensed loan officers is prepared to assist you with any inquiries you may have. Applying over the phone can be completed in as little as 10 minutes.
Once you submit your loan application, our team will thoroughly review it, conduct a property appraisal, and complete the underwriting process to ensure your approval.
Once all requirements have been met and we receive clearance to proceed, we will prepare the necessary loan documents. You will then sign the loan documents, and upon completion, your loan will be funded.
A Home Equity Loan is a type of loan that allows homeowners to borrow against the equity they have built up in their property over time. It provides a lump sum of money that is repaid over a fixed term, typically at a fixed interest rate.
Homeowners with a low first mortgage rate can utilize a home equity loan to access extra funds while preserving their favorable initial interest rate. The home equity loan works as a separate second mortgage, allowing them to tap into their home’s equity without affecting the terms of their existing low-interest first mortgage.
Home Equity is calculated by subtracting the outstanding mortgage balance from the current market value of the property. For example, if your home is valued at $300,000, and you have an outstanding mortgage of $150,000, your home equity would be $150,000 ($300,000 – $150,000).
Homeowners can use a Home Equity Loan for various purposes, such as home improvements, debt consolidation, funding education expenses, covering medical bills, or even starting a business. It provides flexibility in using the funds based on your financial needs.
The amount you can borrow with a Home Equity Loan depends on the lender’s policies and your home’s equity. Typically, lenders allow borrowers to access up to 80-90% of their home’s appraised value, minus any outstanding mortgage balances.
While both allow you to borrow against your home’s equity, a Home Equity Loan provides a lump sum upfront, and you repay it over time with fixed monthly payments. On the other hand, a HELOC works more like a credit card, allowing you to draw funds as needed up to a set credit limit during a specified draw period, and you only pay interest on the amount you’ve withdrawn.
Home Equity Loans often come with lower interest rates compared to other forms of credit, making them a cost-effective option for borrowing larger amounts. Additionally, the interest paid on Home Equity Loans is often tax-deductible, providing potential tax benefits for some borrowers.
Disclaimers:
Subject to borrower eligibility and credit approval. Programs are offered through multiple lenders; availability, max LTV, loan amounts, documentation, occupancy, lien position, and features vary by lender guidelines and state. Not all applicants will qualify for 90% LTV or $750,000. Rates and terms (including APR) may change without notice and are not guaranteed until locked. This is not a commitment to lend.
All loans require verification of income/assets, acceptable credit, title, and valuation; property insurance is required (flood where applicable). HELOCs are variable-rate lines with program-specific draw and repayment terms; interest-only options are not available in some states. HELOANs are fixed-rate, closed-end second mortgages with fully amortizing payments. For NON-QM options, documentation and eligibility are reviewed case-by-case and may require reserves.
Prime Choice Funding, Inc. is not affiliated with and does not act on behalf of or at the direction of FHA, VA, or any federal government agency. Equal Housing Lender. NMLS #117375.